How did the growth break down between the full year and the final quarter?

Full-year revenue was ₹150.9 cr, almost triple the prior year. Q4 contributed ₹53.4 cr, or more than a third of the annual total, suggesting the pace accelerated through the year.

Did profitability keep pace with the revenue surge?

Net profit doubled to ₹19.3 cr from ₹10.0 cr, but revenue nearly tripled. That means margins compressed even as absolute profit grew.

Was the audit opinion clean?

Yes. B.R. Khaitan & Co. gave an unmodified opinion on the FY26 statements.

What is the scale of the business relative to its market cap?

The company has a market cap of ₹768 cr against ₹150.9 cr in annual revenue. That’s a price-to-sales multiple of about 5x, pricing in continued hyper-growth.

Earnings · Transmission Towers & Equipments · Micro cap

Modern Malleables triples revenue to ₹150.9 cr, profit doubles

Power and telecom drove the surge, with Q4 alone delivering ₹53.4 cr in sales.

— 1 earlier story on Modern Malleables Ltd. →

MODERNMAL By Tipsheet Editorial 25 May 2026 · 4:40 PM IST Verify on BSE · NSE

Mkt cap₹754 cr

P/E38.97×

ROE7.02%

Debt / eq.0.03

₹150.9 cr FY26 revenue, nearly 3x the prior year's ₹52.3 cr.

What's new

Annual revenue nearly tripled to ₹150.9 cr from ₹52.3 cr in FY25.
Net profit doubled to ₹19.3 cr, up from ₹10.0 cr.
Q4 revenue surged to ₹53.4 cr, up from ₹26.2 cr a year earlier.

Why this matters

This is not incremental growth for a ₹768 crore market-cap company. Revenue nearly tripling in one year is a step-change in scale. The power and telecom segments drove the acceleration, with Q4 sales alone exceeding the entire FY25 figure from two quarters prior.

What we're watching

Whether the power/telecom momentum is sustainable into FY27.
If profitability can scale with the top line beyond the current margin profile.
Any investor reaction to the audit clean-slate on the rebase.

The full read

Modern Malleables just re-based. Revenue hit ₹150.9 crore in FY26, nearly tripling the ₹52.3 crore it earned in FY25. Profit doubled to ₹19.3 crore. The power and telecom segments drove the acceleration, with Q4 alone contributing ₹53.4 crore in sales. For a micro-cap with a ₹768 crore market valuation, the scale of the jump matters. The stock trades at roughly 5x trailing sales, a multiple that only makes sense if the growth story repeats. The audit opinion from B.R. Khaitan & Co. was clean. The open question is whether this is a one-year step-up or a new run-rate.

Questions answered

How did the growth break down between the full year and the final quarter?: Full-year revenue was ₹150.9 cr, almost triple the prior year. Q4 contributed ₹53.4 cr, or more than a third of the annual total, suggesting the pace accelerated through the year.
Did profitability keep pace with the revenue surge?: Net profit doubled to ₹19.3 cr from ₹10.0 cr, but revenue nearly tripled. That means margins compressed even as absolute profit grew.
Was the audit opinion clean?: Yes. B.R. Khaitan & Co. gave an unmodified opinion on the FY26 statements.
What is the scale of the business relative to its market cap?: The company has a market cap of ₹768 cr against ₹150.9 cr in annual revenue. That’s a price-to-sales multiple of about 5x, pricing in continued hyper-growth.

Mentioned: Modern Malleables Ltd. · ₹150.9 cr revenue · ₹768 cr market cap

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on MODERNMAL →

25 May 2026 · 4:40 PM IST Modern Malleables triples revenue to ₹150.9 cr, profit doubles
42d ago Modern Malleables revenue tripled to ₹150.9 crore in FY26.